ZB profit jumps to 988% in 9 months

ZB Financial Holdings (ZBFH) posted a profit of ZWL735 billion for the nine months ended September 30, 2023, an inflation-adjusted increase of 988% driven by a new operating model.

In a trading update for the third quarter ended September 30, 2023, ZBFH said group revenue rose to 488%, creating a buffer against short-term economic structural disruptions.

“The group’s operations continued to be sustainably profitable, posting a profit after tax (PAT) of ZWL$735 billion, a 988% improvement from the same period last year,” ZBFH said.

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